American Funds Tax-Exempt Preservation Portfolio (TEPAX)

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American Funds Tax-Exempt Preservation Portfolio (TEPAX) is up 0.7% since the beginning of the year. TEPAX is currently trading at $10 per share. Investors who bought $1,000 worth of TEPAX shares 5 years ago would now be looking at an investment worth $1,061.

American Funds Tax-Exempt Preservation Portfolio (TEPAX) has returned 0.71% so far this year and 4.12% over the past 12 months. Over the last ten years, TEPAX has returned 1.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 2013, TEPAX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2023 with a return of +3.1%, while the worst month was Nov 2016 at -2.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, TEPAX closed higher 28% of trading days. The best single day was Mar 25, 2020 with a return of +2.0%, while the worst single day was Mar 20, 2020 at -1.8%.

American Funds Tax-Exempt Preservation Portfolio has an annualized alpha of 1.56%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (7.95%) than losses (7.20%) - typical of diversified or defensive assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.01 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TEPAX has an expense ratio of 0.34%, placing it in the medium range.

TEPAX ranks 68 for risk / return — better than 68% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for American Funds Tax-Exempt Preservation Portfolio (TEPAX) and compare them to S&P 500 Index.

American Funds Tax-Exempt Preservation Portfolio provided a 2.38% dividend yield over the last twelve months, with an annual payout of $0.23 per share.

The table displays the monthly dividend distributions for American Funds Tax-Exempt Preservation Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the American Funds Tax-Exempt Preservation Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the American Funds Tax-Exempt Preservation Portfolio was 7.13%, occurring on Oct 25, 2022. Recovery took 444 trading sessions.

The current American Funds Tax-Exempt Preservation Portfolio drawdown is 0.90%.

The chart below shows the rolling one-month volatility.